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Silicon Valley Bank's Toronto branch assets seized - CP24 Mar 13th
Silicon Valley Bank's Toronto branch assets seized CP24Canada's top banking regulator takes temporary control of Silicon Valley Bank's Canadian branch CBC NewsOSFI takes control of Silicon Valley Bank's Canadian unit The Globe and MailSVB collapse puts Fed's faith in.... More »
GM unites car-sharing services under new brand ‘Maven’ + MORE Jan 21st
DETROIT – The final destination is a mystery, but General Motors is taking another step on its fast-moving journey into new ways of getting around.
The company on Thursday announced that it’s formed a brand called “Maven” that will run its car-sharing ventures, including a ne.... More »
AP Exclusive: Top Volkswagen labour official says US expansion plans don’t hinge on union vote + MORE Nov 15th
NASHVILLE, Tenn. – A top Volkswagen labour official says a pending decision about union representation for workers at the automaker’s lone U.S. plant will have no bearing on whether the company will decide to add the production of another vehicle there.
The world’s third-largest au.... More »
What the U.S.-Iran spat means for financial markets and gasoline prices in Canada - Global News Jan 6th
What the U.S.-Iran spat means for financial markets and gasoline prices in Canada Global NewsTrump already told us he sees war with Iran as a distraction from a faltering presidency: Keith Boag CBC.caTrump doubles down on threat to Iran cultural sites CTV NewsThe rea.... More »
In Humboldt, sorrow, love and loss take the ice on game night Apr 9th
Al and Jean Gaetz were in their arena seats in Row 8, in Section U near the blue line on Sunday, just as they were planning to do if their beloved Humboldt Broncos had reached Game 6.
They’ve held Broncos season tickets since 1973; they billeted young players for decades. Al, still selling real es.... More »
Intact Financial raises catastrophe loss estimate
– theglobeandmail.com
Property and casualty insurer hit by bad weather events and a fiery train derailment that devastated the town of Lac-Mégantic, Que., in early July
Ubisoft Montreal and Toronto CEO Yannis Mallat announced the $373-million investment this morning at the company’s Montreal headquarters, alongside several Parti Québécois cabinet ministers.
Canada Has Trade News–But not About a Deal with the EU
– blogs.wsj.com
Canada and Chile have expanded their 16-year-old trade pact to include financial services.
Jury picked for SEC’s lawsuit charging Dallas Mavericks owner Mark Cuban with insider trading
– canadianbusiness.com
DALLAS – Seven women and three men were picked Monday to decide the government’s lawsuit charging billionaire and Dallas Mavericks owner Mark Cuban with insider trading.
The jury includes one man who said he was “leaning” toward Cuban’s side based on what he’d already heard about the case. One woman said she was “impressed” with Cuban as a man who stands up for his beliefs, and another called him “a nice guy.”
The makeup of the jury could represent another hurdle for Securities and Exchange Commission lawyers who will try the case before U.S. District Judge Sidney Fitzwater.
“It’s a very tough case for the SEC. The trial judge dismissed it once,” said Russell Duncan, a former federal prosecutor who tried financial-fraud cases. After Fitzwater dismissed the SEC lawsuit in 2009, an appeals court overturned his decision and sent the case back.
The SEC charged in a civil lawsuit that Cuban violated insider-trading rules in 2004 by selling his shares in a Canadian Internet company after learning confidentially about news that would send the shares down…
The jury includes one man who said he was “leaning” toward Cuban’s side based on what he’d already heard about the case. One woman said she was “impressed” with Cuban as a man who stands up for his beliefs, and another called him “a nice guy.”
The makeup of the jury could represent another hurdle for Securities and Exchange Commission lawyers who will try the case before U.S. District Judge Sidney Fitzwater.
“It’s a very tough case for the SEC. The trial judge dismissed it once,” said Russell Duncan, a former federal prosecutor who tried financial-fraud cases. After Fitzwater dismissed the SEC lawsuit in 2009, an appeals court overturned his decision and sent the case back.
The SEC charged in a civil lawsuit that Cuban violated insider-trading rules in 2004 by selling his shares in a Canadian Internet company after learning confidentially about news that would send the shares down…
‘Big Mick’ returns to mining – and he’s hungry for acquisitions
– theglobeandmail.com
The former Xstrata CEO has enlisted two big investors to provide the wherewithal to pounce on resource assets that the executives consider undervalued
